Does the currently ‘trending’ Binary Options robot, Cash Formula, actually work or is it just another scam in the list? This is a question that is bothering an increasing number of binary options traders today. So, what is this trading robot all about? The team Software for Cash Formula was formed in 2012 by Tim Stafford. According to the manufacturers of this new software, it is a binary options money doubling application. Throughout this article, you will learn why this new trading software is a scam and why you need to avoid it as much as possible. So, here we have a Cash Formula scam review.
The Purported Beneficial Features of the “Cash Formula”
Making money in the binary options trading market is not as easy as some developers are making it appear. While the binary options industry is considered to offer one of the most lucrative investment opportunities, it is not that easy to make money, especially if you are beginner. This is why the information presented by the developers of the Cash Formula trading software is misleading and wrong. According to them, the trading robot can help you make millions in profits within a short span of rime—regardless of your experience in binary options trading. Well, this sounds impressive, but you need to think twice before investing your hard earned money in this scam software. According to the Cash Formula developers, the software has the following benefits to offer:
- Ability to profit from trading binary options in less than 60 seconds.
- Ability to make more than $50000 in a month.
- Ability to detect fluctuations in the market automatically
- An automated binary options trading system.
One of the golden rules I have learned over the years, with regards to detecting scam providers, is that whenever it sounds too good to be true– it is probably a scam. Although it is possible to make huge profits in this industry, $50000 in a month is actually too good to be true (especially if you are a beginner in the industry).
Beware—Looks Are Deceiving- Read this Cash Formula Scam Review
You probably have heard about this new binary options auto-trading software. However, you should not let its impressive promises deceive you, it is a scam. The first look at the software makes many investors in the binary options industry raise their hopes and dreams in the trade. As viable and lucrative as the software may appear, it is all a scam. Having received numerous enquiries from many traders across the globe, regarding the legitimacy of this auto-trading software, various experts in the binary trading field embarked on finding out the truth about the software.
The man behind all this false presentation of the Cash Formula binary options robot is one Tim Stafford. This is the man who has been misleading hundreds of binary options investors with his bold statements and claims on what the system can do for its users. While Stafford goes on to explain how the system will make millions for you in a matter of days and how he can easily avail the system to his potential clients, neither does he explain how he actually cam across the software nor does nor does he mention why he can avail the system to you for free. The only thing he system this effect is that it was given to him by his mentor, someone we do not know and Stafford does not care to tell his customers who this mentor is. The investigators working to establish the legitimacy of this software dug a little deeper to establish who Stafford is as well. The fact that he claims to have been a millionaire for a while now (millions he acquired using the software) there must be some information about him somewhere. However, the investigators have not come across any information about the guy, something that makes his claims vague.
Why Is the Cash Formula a Scam?
If you ever came across this auto trading robot, you must be wondering why we are calling it a scam. Having investigated it thoroughly, there is actually nothing to be desired about the CashFormula system. Come to think of it; Mr. Stafford says that his software works on some ‘Top Secret’ algorithm. According to him, the same algorithm was once used by hackers to hack a government agency and was later acquired by a big banking corporation (Cartel). Does this make any logical sense to you? Absolutely not, then he is compelling you to register for the program as soon as possible—as if someone was after him. This raises more suspicion on the software. The truth is that the information behind this system, as advertised by Stafford, is far-fetched. The funny thing is that some traders think that the system may work for them, even after analyzing all these facts.
Tim goes on to say that the he downloaded the Cash Formula software he has from a memory stick he has in his pc. He also says that he downloaded it to the selected PCs belonging to his ‘students’. The funniest thing about this claim is that the software cloud he is offering you is in the cloud, where anyone can access it, provided that he or she has a connection to the internet. He also claims that if you entered information into the spaces provided, he will send you his phone number and details for you to get in touch with him. Our investigators followed though with the registration process as required, but did not get Stafford’s phone number. Instead, a broker called them and asked them to make a deposit.
Scammers are getting smarter by the day and are coming out with newer and more convincing ways to steal your hard earned money. One thing you need to understand is that making money trading in binary options requires some skills and probably experience; you should not expect to invest in some software and wake up a millionaire the following day. Just like the rest of the scammers on the internet today, Tim has provided a personal story, one that many traders can relate to. This is a desperate move to get the traders to believe in him and invest in the software. However appealing the Cash Formula software appears to you, the fact remains that it is a SCAM.Have a look at my YouTube Channel for all the best updates.
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